Sprinklr, Inc. Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

6 Months Ended

Jul. 31, 2024

A summary of the Company’s stock option activity for the six months ended July 31, 2024 is as follows:


	Number of Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	(in thousands)			(in years)
Outstanding as of January 31, 2024	23,267	$	6.66	5.9

Exercised	(3,000)	5.70
Forfeited	(576)	11.20

Outstanding as of July 31, 2024	19,691	$	6.68	5.2

Exercisable as of July 31, 2024	17,676	$	6.13	5.0
Vested and expected to vest as of July 31, 2024	19,562	$	6.66	5.2

A summary of the Company’s RSU activity for the six months ended July 31, 2024 is as follows:


	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2024	9,259	$	12.61
Granted	8,225	11.35
Released	(2,106)	12.74
Forfeited	(1,767)	12.15
Outstanding as of July 31, 2024	13,611	$	11.88

Stock-based compensation expense included in operating results was allocated as follows:


	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2024		2023		2024		2023
Costs of subscription	$	327	$	290	$	610	$	590
Costs of professional services	364		405		681		808
Research and development	2,834		3,897		5,408		6,964
Sales and marketing	5,802		6,311		11,406		12,266
General and administrative	5,765		3,962		10,842		7,547
Stock-based compensation, net of amounts capitalized	15,092		14,865		28,947		28,175
Capitalized stock-based compensation	631		874		1,182		1,544
Total stock-based compensation	$	15,723	$	15,739	$	30,129	$	29,719